PHI Group’s Chairman and CEO Henry Fahman to speak at Kalimantan Coal Conference
LOS ANGELES and JAKARTA, Indonesia, April 23, 2012 /PRNewswire/ — PHI Group, Inc. (OTCQB: PHIL), (Pinksheets: PHIL), a company focused on energy and natural resources, announced today that its Chairman and CEO Henry Fahman will be presenting at the Kalimantan Coal Conference to be held from September 4-5, 2012 at Novotel Hotel, Balikpapan, Indonesia.
This conference, organized by Informa Mining and Metals (IMM), is the first of its kind to bring together local and international expert speakers to assess coal prospects, project developments and operations from the booming Kalimantan coal markets.
Over the past 10 years Indonesia has risen to become the world’s biggest exporter of thermal coal. Growth in thermal coal exports is set to explode as the number of coal mines operating in Kalimantan doubles over the next few years. According to Mining Weekly, by 2020, 60% of the 133-million tons a year of new production from greenfield projects will be used for export supply.
Kalimantan is the largest coal-producing region with East Kalimantan accounting for 65% of the country’s coal production in 2010. Due to the geography of the region, rail infrastructure and deep-water ports are limited. Consequently, there is strong interest in building deep-water port facilities and rail lines to increase export capacity. New export infrastructure is being proposed by Russian and Indian investors.
Kalimantan Coal will analyze developments of new policies and strategies for tackling the current and emerging issues within the burgeoning Kalimantan coal sector. Topics to be addressed include Indonesian coal legislation, foreign ownership, regional issues, infrastructure, land use agreements and advances in coal markets.
For additional information, please access: http://www.immevents.com/international-mining-events/kalimantan-coal-conference
A global division of Informa Australia and the Informa group of companies, International Mining Events & Metals specialize in the research and production of premium industry events for the international mining community ranging from bulk commodities, base metals, and energy and growing resource sectors. These global meetings provide attendees with vital information, business strategies and relation building opportunities. Website: www.immevents.com/.
About PHI Group
PHI Group (OTCQB:PHIL) (Pinksheets: PHIL.PK) focuses on energy and natural resources in Southeast Asia and holds majority interests in subsidiaries engaged in real estate development and M&A consulting services. Website: www.phigroupinc.com/
Safe Harbor: This news release and the featured interview contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.
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SOURCE PHI Group, Inc.